New Enterprise Allowance

Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 26 January 2015.

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Photo of Margot James Margot James Conservative, Stourbridge 2:30, 26 January 2015

What recent assessment he has made of take-up of the new enterprise allowance (a) nationally and (b) in the Dudley metropolitan borough council area.

Photo of Esther McVey Esther McVey Minister of State (Department for Work and Pensions)

The new enterprise allowance supports jobseekers who want to set up their own business through mentoring and a weekly allowance. Through the scheme over 60,000 businesses have been started nationally, including 640 within the Dudley metropolitan area.

Photo of Margot James Margot James Conservative, Stourbridge

The new enterprise allowance is one of the many ways that the Government are supporting people into self-employment and running their own businesses. Does my right hon. Friend agree that this support has been essential to the thriving business environment which has seen over 2,000 new businesses start up in my constituency, Stourbridge, since 2010?

Photo of Esther McVey Esther McVey Minister of State (Department for Work and Pensions)

My hon. Friend is right. When any new business sets up, it needs support, mentoring and access to finance, all of which we are providing. With her background, she knows exactly how to set up a business; she set up her own and won awards for it, and her dad set up his own business in the 1930s which went on to be an incredibly successful manufacturing company. That is what we need to do—support people, provide access to finance and mentoring, and ensure that they have a good business plan. I thank my hon. Friend for that question.